Bizconf Telecom Co.,Ltd. Posted 7.1 Million Yuan Net Loss in First Three Quarters of 2023

Bizconf Telecom Co.,Ltd. (上海会畅通讯股份有限公司) (300578.SZ) reported a net loss of 7.1 million yuan in the first three quarters of 2023, reversing a net profit of 51.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 340.1 million yuan in revenue, down 33.8% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 194.6 million yuan in total liabilities, with a liability-to-asset ratio of 10.6%.